Guatemala passed transfer pricing legislation resulting in new compliance requirements starting in 2013 that will apply to transactions that occurred in 2013. The new transfer pricing legislation generally adheres to the Organisation for Economic Cooperation and Development ("OECD") in its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations ("OECD Guidelines").

Among the requirements is the preparation of contemporaneous transfer pricing documentation that it should be provided to the Superintendencia de Administración Tributaria ("SAT") within 20 days of it being requested.